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WagerX Compliance Watch · Entity Risk Profile
Operator

KalshiEX

Tracked across 4 regulatory actions from authority publications.
High
15.9
Risk Score
€240,581
Fines (lifetime)
4
Total actions
2026-06-30
Most recent
2
Distinct authorities
How this risk score is calculated: we sum (log-scaled fine amount + action-type severity) for every published action against this entity, then apply 1-year exponential time decay so older actions weigh less. Range: Low (<5), Moderate (5–15), High (15–40), Severe (>40). Risk reflects regulatory exposure on the public record, not internal compliance posture.

▮ 12-Month Activity 4 actions · peak 2/mo

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Action timeline

Other Michigan Gaming Control Board (MGCB) · United States · 2026-06-30

Michigan Gaming Control Board reacts to temporary restraining order against KalshiEX, unlicensed sports betting operation targeting Michigan families

The Ingham County Circuit Court granted a 14-day temporary restraining order (TRO) against KalshiEX, LLC, barring the prediction-market platform from offering, advertising, or facilitating internet sports betting to persons located in Michigan, and directing implementation of state-compliant geolocation technology. The order, secured by the Michigan Attorney General for the Michigan Gaming Control Board, imposes a fine of USD 120,000 per day for noncompliance.

Risk contribution: +5.9 (severity 1 · decay 0.976) €110,400
Other Michigan Gaming Control Board (MGCB) · United States · 2026-06-30

Michigan Gaming Control Board reacts to temporary restraining order against KalshiEX, unlicensed sports betting operation targeting Michigan families

The Ingham County Circuit Court granted a 14-day temporary restraining order (TRO) against KalshiEX, LLC, barring the prediction-market platform from offering, advertising, or facilitating internet sports betting to persons located in Michigan, and directing implementation of state-compliant geolocation technology. The order, secured by the Michigan Attorney General for the Michigan Gaming Control Board, imposes a fine of USD 120,000 per day for noncompliance.

Risk contribution: +5.9 (severity 1 · decay 0.976) €110,400
License Granted Commodity Futures Trading Commission (CFTC) · United States · 2026-05-29

CFTC Approves BTCPERP Contract Submitted by KalshiEX, LLC

The Commodity Futures Trading Commission issued an Order for Approval to KalshiEX, LLC for the listing of the BTCPERP Contract, a perpetual contract referencing the spot price of bitcoin, as a futures contract. The approval was based on the contract's compliance with the Commodity Exchange Act and the Commission's regulations.

Risk contribution: +0.45 (severity 0 · decay 0.894)
Other Commodity Futures Trading Commission (CFTC) · United States · 2026-02-25

CFTC Enforcement Division Issues Prediction Markets Advisory

The CFTC Division of Enforcement issued an advisory after KalshiEX, a Designated Contract Market, internally handled two enforcement matters involving improper trading in prediction markets: a May 2025 case where a political candidate traded on his own contract resulting in a $2,246.36 penalty and 5-year suspension, and an August–September 2025 case where a YouTube channel editor traded on material non-public information resulting in a $20,397.58 penalty and 2-year suspension. The advisory reiterates the Commission's authority to pursue violations on DCMs including misappropriation of confidential information, pre-arranged trading, disruptive trading, and fraud.

Risk contribution: +3.67 (severity 1 · decay 0.693) €19,781
Factual reporting based on official authority publications. Risk score is a quantitative model derived from public-record actions only — it is not a credit rating, legal opinion, or recommendation. If you represent KalshiEX and need a correction, contact us with the source reference.